Because the United States Has ________ Advantage Compared to China

question 143

Multiple Choice

Because the United States has ________ advantage compared to China in producing airplanes,China can buy airplanes from the United States at a ________ opportunity cost than that at which China can produce them.

• A) comparative; lower
• B) comparative; higher
• C) absolute; lower
• D) absolute; higher
• E) None of the above because China will produce airplanes and sell them to the United States.

---

Definitions:

Accounts Payable Reports

Documents that detail the amounts owed by a company to its suppliers or creditors for goods and services received.

Tracking Accounts

Monitoring the activity within financial accounts to ensure accuracy, detect fraud, or manage finances.

Job Profitability

A measure of the financial gains a specific job or project generates compared to its costs.

Summary Report

A condensed report that presents the main points or findings, often used in financial and project reporting.